QSI Chief Commercial Officer Sells 36,964 Shares in Mandatory Tax Withholding
Rhea-AI Filing Summary
Bennett Todd C., Chief Commercial Officer and director of Quantum-Si Inc. (QSI), reported two mandatory sell-to-cover transactions tied to vested restricted stock units on 09/22/2025 and 09/23/2025. On each date he sold 18,482 shares of Class A common stock, totaling 36,964 shares sold to cover required federal, state and local withholding taxes.
The weighted average sale prices reported were $1.6826 on 09/22/2025 (shares sold ranged $1.64–$1.72) and $1.635 on 09/23/2025 (shares sold ranged $1.57–$1.79). Following the transactions, beneficial ownership was reported as 700,003 shares and then 681,521 shares, respectively. The filing was signed by an attorney-in-fact on 09/24/2025.
Positive
- Transactions disclosed as mandatory sell-to-cover, clarifying these sales were for tax withholding tied to RSU vesting
- Full price ranges and weighted averages provided for both trade dates, enabling verification
Negative
- Total ownership declined by 36,964 shares following the two reported sales (from the reported pre-sale amount to 681,521 shares)
- Low sale prices (weighted averages ~$1.64–$1.68) reflect modest per-share proceeds for the disposed shares
Insights
TL;DR: Routine insider sell-to-cover transactions; not clearly material to valuation given the nature and context.
The report documents two identical sell-to-cover transactions of 18,482 shares each tied to RSU vesting, indicating the sales were automatic to satisfy tax withholding rather than discretionary cashing out. The weighted average prices were low (around $1.64–$1.68), consistent with the reported ranges. Ownership fell to 681,521 shares after the second sale, which investors can track but which by itself does not imply change in corporate strategy or performance.
TL;DR: Disclosure appears complete for Form 4: transactions, rationale, price ranges, and signature are provided.
The filing identifies the reporting person and relationship to the issuer, specifies the mandatory sell-to-cover nature of the sales, and provides weighted average prices and ranges. Signature by an attorney-in-fact is included. There is no indication of discretionary insider trading or other governance concerns in this filing alone; it documents standard tax-withholding activity following RSU vesting.